Local Chinese steel pipe prices have indicated an upward trend during the past week.
Local Chinese seamless pipe prices have moved up by small margins during the past seven days, supported by increases in billet prices. Overall trading activity has increased after the holiday period and is at normal levels. As for the week ahead, it is believed that seamless pipe prices may resume fluctuations by small margins.
Local Chinese welded pipe prices have followed an upward trend during the past week, boosted by rises in prices of steel strip and raw materials. Overall trading activity has been at normal levels, with an improvement on the demand side giving confidence to welded pipe traders. As for the week ahead, it is believed that welded pipe prices may edge up slightly.
Seamless pipe prices
| Spec | Category | Origin | Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
| Φ108 mm x 4.5 mm | 20# (GB/T8162-1999) | Shanghai | 4,330 |
632 |
30 |
| Guangzhou | 4,360 |
637 |
20 |
||
| Beijing | 4,230 |
618 |
30 |
||
| Average price | 4,307 |
629 |
27 |
||
| Φ219 mm x 6 mm | 20# (GB/T8163-1999) | Shanghai | 4,300 |
628 |
30 |
| Guangzhou | 4,260 |
622 |
20 |
||
| Beijing | 4,130 |
603 |
30 |
||
| Average price | 4,230 |
618 |
27 |
All the above prices include 13 percent VAT.
Welded pipe prices
| Spec | Category | Origin | Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
| Φ48 mm x 3.25 mm | Q195-Q215 | Shanghai | 3,830 |
559 |
50 |
| Guangzhou | 3,730 |
545 |
50 |
||
| Beijing | 3,710 |
542 |
20 |
||
| Average price | 3,757 |
548 |
40 |
||
| Ф114 mm x 3.75 mm | Q215-Q235 | Shanghai | 3,700 |
540 |
50 |
| Guangzhou | 3,730 |
545 |
50 |
||
| Beijing | 3,640 |
531 |
20 |
||
| Average price | 3,690 |
539 |
40 |
All the above prices include 13 percent VAT.
$1 = RMB 6.849
